Cryptocurrencies of all types came into being owing to the distributed ledger technology known as Blockchain. The Blockchains are decentralized systems for recording and documenting transactions taking place with a particular digital currency. In other words, blockchain is a transaction ledger that maintains identical copies across each member computer within a network. Even though blockchain became famous for its role in the rise of cryptocurrencies over the past years, there are many other non-cryptocurrency uses for this technology, which develop at a relatively high speed. Furthermore, some blockchain advocates believe that the technology could outpace the very essence of cryptocurrencies, and that the real potential of blockchain is only being…